#USChinaTradeTalks

US-China trade talks are set to resume in London, aiming to address fresh disputes and solidify a fragile truce over tariffs. Key discussion points include ¹ ²:

- *Tariff Disputes*: The US imposed 145% tariffs on Chinese goods, while China retaliated with 125% tariffs on US goods. Both sides need to de-escalate tensions for negotiations to begin.

- *Trade Agreement*: The US wants China to fulfill its purchase commitments under the 2020 "Phase 1" trade deal, which China has failed to meet due to the Covid pandemic.

- *Rare Earths and Semiconductors*: China has tight control over rare earth exports and is cracking down on illegal mining, while the US has imposed export restrictions on semiconductor software and chemicals to China.

- *Next Steps*: US Treasury Secretary Scott Bessent and Chinese counterpart He Lifeng are set to discuss tariff issues, with both sides expressing hope for progress in easing trade tensions.